IRS Focus On Offshore Tax Non-Compliance
December 24, 2014
The Internal Revenue Service (IRS) has been ineffective in its collection of unpaid taxes from international U.S. taxpayers, according to a report published on September 30
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FATCA Causes Problems For U.S. Holders of Accounts in India
December 23, 2014
Increasing implementation of the Foreign Account Tax Compliance Act (FATCA) will soon cause problems for U.S. holders of unreported bank accounts in India, according to
IRS Announces Guidelines for Streamlined Procedures
December 23, 2014
The Internal Revenue Service (IRS) has released new guidance for taxpayers applying for the streamlined offshore voluntary disclosure program in a new FAQ page on
More Americans Giving Up Citizenship For Offshore Accounts
October 10, 2014
In July 2014, the Foreign Account Tax Compliance Act (FATCA) was officially implemented, which requires foreign banks to disclose the account information of U.S. taxpayers
American Expats Sue Canada over FATCA
September 19, 2014
Two American expatriates residing in Canada have filed suit against the Canadian government for its compliance with the U.S. government’s controversial Foreign Account Tax Compliance Act (FATCA).